Lauriston Solar Farm
Financial close for Lauriston Solar Farm
Genesis Energy today confirms that financial close has been achieved for the 63 MW solar farm in Lauriston, Canterbury. The solar farm is the first in a series of developments planned with Genesis’ joint venture partner, FRV Australia.
Favorable site conditions and engineering optimisation have enabled an increase in peak generation capacity to 63 MW.
The development will be project financed by the Bank of New Zealand and MUFG Bank, funding approximately 70% of total project costs. Engineering, procurement, and construction (EPC) will be provided through a wrapped EPC contract by Beon Energy Solutions, a subsidiary of Victoria Power Networks. Genesis will purchase 100% of energy produced through a 10-year PPA.
[please see table in attached announcement]
ENDS
For investor relations enquiries, please contact:
Tim McSweeney
GM Investor Relations & Market Risk
M: 027 200 5548
For media enquiries, please contact:
Chris Mirams
GM Communications & Media
M: 027 246 1221
Announcement PDF
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